by dawn@dawnmsmithcpa.com | Nov 23, 2021 | Depreciation, Small Business, Tax
Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time they use the property. It is an allowance for the wear and tear, deterioration or obsolescence of the property. Small businesses...
by dawn@dawnmsmithcpa.com | Nov 19, 2021 | Tax
Gather and organize tax records Organized tax records make preparing a complete and accurate tax return easier. It helps avoid errors that lead to processing and refund delays. Individuals should have all their tax information available before filing to ensure the...
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